gracious contributors to cabf - december 2017 › images › downloads › sirc... · cpe study...

12 Date of Publication : 2nd of every monthDate of posting : 8th January 2018

Posted at Egmore RMS/(Patrikka Channel)Registered - RNI Reg. No. 28192/1975 - RNP Registered No. TN/CH(C)327/18-20

WPP No. TN/PMG(CCR)/WPP-354/2018-20

Published and Printed by Dr. P.T. Giridharan, Joint Director on behalf of Southern India Regional Council of the Institute of Chartered Accountants of India, 'ICAI Bhawan', # 122, Mahatma Gandhi Road, Nungambakkam, Chennai -600034. Phone: 044 39893989, 30210320. Email: [email protected] / [email protected]. Website: www.sircoficai.org - Printed at M/s. Chennai Micro Print (P) Ltd., # 130, Nelson Manickam Road, Aminjikarai, Chennai - 600029. Editor: CA. Cotha S. Srinivas, Chairman, SIRC of ICAI.

Report / Information Card (as on 31st December 2017)

CABFContributions

December Cumulative

Rs. 9,94,564/- Rs. 1,38,64,038/-Dash BoardRegistrations

Members Students Total

55,258 10,124 65,382

Pending Issues Members & Firms Students TotalChennai DCO 70 1,540 1,610Hyderabad DCO 80 141 221

No. of Members (in Southern Region)

Practice Service Total

23,534 25,400 48,934

CPEHours

December Cumulative

89 930


Male Female Total

38,415 10,519 48,934

Gracious Contributors to CABF - December 2017(Who had contributed Rs. 1 Lakh and above)

Sl No MRN/FRN Member Name / Firm Name Place Amount

1 006826S M/s. GURU AND JANA BENGALURU 5,00,000

2 072844 CA. HEMANT KUMAR PITLIYA MYSURU 1,11,000

3 008154S M/s. BVC & CO BENGALURU 1,01,000

2 008891S M/s. NITIN J SHETTY & CO MANGALORE 1,00,000

2 027704 CA. SHANTHARAMA NAYAK MANGALORE 1,00,000

3 013554S M/s. M JAGANNATH KAMATH AND CO MANGALORE 1,00,000

Dear Members,

SIRC of ICAI is providing an opportunity to show your graciousness in Philanthropic activities. It’s time to give something back to the profession because of which we are, what we are today. It is my earnest desire to see the names of every branch and town in the above list. An appeal to the members and firms to contribute generously to CABF and anyone contributing Rs. 1 lakh and above finds place in the above list.

Members / Firms who are interested to contribute to CABF may get in touch with Dr. T. Paramasivan, Joint Director (Tech.), Phone: 044 30210321, Email: [email protected] (or) CA. T. L. Kirubakar, Executive Officer, Phone: 044 30210364, Email: [email protected].

CA. Cotha S Srinivas

Chairman, SIRC of ICAI

Price K5 January 2018 | Volume 43 • Part 7

1

2

Dear Professional Colleagues,

Chairman,s Communique...

T h i n k D i f f e r e n t l y A c t P e r f e c t l y

Wish you all Prosperous, Purposeful and Peaceful year 2018 ahead. Gone are those days where we used to face challenges once in a while. Now with the changes happening day in and day out every day we need to face a challenge. Many new laws were introduced in 2017 viz., GST, RERA, IBC Code. We saw changes in Companies Act 2013 with Companies Amendment Act, 2017. We only hope all these Acts and amendments will settle in the year 2018 before facing any new challenges. As professionals we are not afraid of challenges, but at the same time, we need to analyse how far we can stretch ourselves to these challenges. As Individual practitioners how far can we go is the question. I have tried to discuss the concept of “Networking” in this issue. Before that,

Chartered Accountants Benevolent Fund (CABF)After achieving the primary target, SIRC is getting gracious contributions from members and firms. In the month of December, apart from other contributions, we received a sum of Rs. 5.00 Lakhs as contribution to CABF from M/s. Guru and Jana, Bengaluru. Complementing them for this magnanimous contribution, my appeal continues to those members who are yet to contribute this year to atleast contribute Rs. 50/- each. Visit www.icai.org for online contributions.

About NetworkingToday is the era of expansion, where networking plays a major role. Networking today is not about hunting profession for self but about growing professionally together. As rightly said by Dr. Ivan Misner “Networking is more about ‘farming’ than it is about ‘hunting’. It’s about cultivating relationships” In my message, I would like to write on two aspects of Networking; Coming Together and Working Together.

Greetings from SIRC: SIRC wishes Happy Birthday and Happy Anniversary to all those Members

and Students who were born or who got married in the month of January.

Continued at Page no. 5

Coming TogetherPeople often say that today is the era of working in Groups to achieve greater success, and hence Partnership Firms and Limited Liability Partnerships have become common. Partnership Firms and LLPs are intended for joint solving of problems, resource exchange, cooperation, coordination and coalition building.Gone are the days of sole proprietorship firms, people today are coming together and forming Partnerships, LLPs so that they can compete with the big firms in the market. In this era of cut throat competition, it has become essential for like-minded people to come together so as to get more professional opportunities. The different forms of Network can be as under;- •AnetworkcanbeconstitutedasamutualentitywhichwillactasafacilitatorfortheconstituentsoftheNetwork.Insuch

a case the Network itself will not carry out any professional practice. •Anetworkcanbeconstitutedasapartnershipfirmsubjecttotheconditionthatthetotalnumberofpartnersdoesnot

exceed twenty. •AnetworkcanbeconstitutedasaLimitedLiabilityPartnershipsubjecttotheprovisionoftheCharteredAccountantAct

and Regulations and such other laws as may be applicable. •Anetworkcanbeconstitutedascompanysubject totheguidelinesprescribedbythe Institute forcorporate formof

practice and formation of management consultancy services company. I however feel that just by getting into Partnerships or LLPs, success is not guaranteed. Success of any profession depends on its relationships. Working well with others and possessing in-depth knowledge on your area of practice is important. Also keeping aside personal agenda and coming together for a common agenda is important for creating and sustaining successful partnerships.

11

Southern India Regional Council The Institute of Chartered Accountants of India

Jointly with Bangalore and Hyderabad Branches of SIRC of ICAI organises

International Tour to Singapore and Genting Dream Cruise February 1st 2018 – 5 Nights and 6 Days

Day 01 – Friday 02 February 2018: Arrival Singapore as per flight schedule from your city. Transfer and check-in to Boss Hotel or similar with breakfast for freshen-up till 1200Hrs at hotel. Check out from Hotel. Lunch at Indian Restaurant. Proceed to Half Day Singapore City Tour with Flyer. Transfer to Cruise Terminal, Genting Dream Cruise Check in starts at 1700Hrs (Departs at 2100 Hrs). Dinner and Overnight On-board Cruise. Meal Plan: Breakfast | Lunch | Dinner on Board Cruise

Day 02 – Saturday 03 February 2018: On-board Cruise. Meal Plan: Breakfast | Lunch | Dinner on Board Cruise

Day 03 – Sunday 04 February 2018: Breakfast on Board Cruise. 10:00 Hours Cruise arrives at Singapore Cruise Terminal (Estimated Arrival Time). Checkout of cruise. Lunch at Indian Restaurant. Check in to Hotel (Standard Check in time is 1500Hrs). Evening proceed to Night Safari (Admission + Show + Tram Ride). Dinner at Indian Restaurant. Overnight stay at Hotel. Meal Plan: Breakfast | Lunch | Dinner Day 04 – Monday 05 February 2018: Breakfast at Hotel. Jurong Bird Park (Admission + Tram Ride + Show). Lunch at Indian Restaurant. Proceed to Sentosa tour (1 Way Cable Car, 1 Way Luge & Sky Ride, S.E.A Aquarium, Wings of Time). Dinner at Indian Restaurant. Overnight stay at Hotel. Meal Plan: Breakfast | Lunch | Dinner Day 05 – Tuesday 06 February 2018: Breakfast at Hotel. Universal Studio with Meal Coupon (All Rides Except rock climbing) Dinner at Indian Restaurant. Overnight stay at Hotel. Meal Plan: Breakfast | Lunch | Dinner Day 06 – Wednesday 07 February 2018: Breakfast at Hotel. Check-out from Hotel. Lunch at Indian restaurant. Proceed to Marina Bay Sands – Sky Park Observation deck. Gardens by The Bay (Cloud Forest & Flower Dome). Transfer to Changi Airport, Singapore for Departure your city as per flight schedules. Meal Plan: Breakfast | Lunch

DELEGATE FEE Terms and Conditions: Registration on first come first serve basis. Number of seats for

Bangalore – 35 | Chennai – 35 | Hyderabad – 30. Bookings above this are subject to availability of services till 8th January 2018 along with a valid passport (having validity upto 31st August, 2018).

Regular cancellation policy applies for people who book and cancel the tour. Changes of any nature are not possible in the itinerary and services mentioned.

Category Cruise Balcony Room

Per Adult on Twin / Triple sharing basis INR 95,000

Child (2-12 years) sharing room with 2 adults with extra bed

INR 77,000

Child (2-12 years) sharing room with 2 adults No extra bed

INR 68,000

Inclusions Air Ticket and airport tax in Economy Class in Tiger

Airways or similar Singapore Visa Charges On Arrival Day, Freshen up in Hotel Boss or similar

on Twin/Double sharing basis 03 Nights Hotel accommodation with breakfast at

Singapore on Twin/Triple sharing basis 02 nights on board Genting Dream Cruise on

Balcony Stateroom Cruise Gratuity Insurance American Breakfast and Indian Veg. / Non-Veg.

Lunch and Dinner as indicated All sightseeing as mentioned in the itinerary with all

the entry fees on private basis All tours will be on private basis with separate Tour

Guide Tips to Tour Guide and Driver

Exclusions Expenses that are personal in nature Beverages during meals Travel Bags and snacks Early check in and late check out Any other service not specified above Deviation charges if any for passengers who opt for

breaking away from the group.

Members desirous of joining the tour may contact the following Programme Co-ordinators: CA. Dungar Chand U Jain, Secretary SIRC Mobile: 98945 05007,Email: [email protected] CA. A. B. Geetha, Chairman,Bangalore Branch of SIRC Mobile: 98455 26327, Email: [email protected] CA. Chengal Reddy R, Chairman,Hyderabad Branch of SIRC Mobile: 90001 81104, Email: [email protected] Mr. Vijayarangan, Assistant Secretary SIRC of ICAI – Chennai Office Mobile: 044 30210320, e-mail: [email protected]

SIRCNewsletterJanuary 2018 3

january 2018 onwards...SIRC CALENDAR

Sl.No Date / Day / Time Programme Topic / SpeakerDelegate Fee*

(including GST) CPE Credit

Regn. Fee ARS

1January 2, 2018

Tuesday5.30 p.m. – 8.30 p.m.

CPE Study Circle Meeting onInformation Technology

Cyber security and the BoardSpeaker: CA. Ravi Veeraraghavan

Free Free 3

2January 4, 2018

Thursday5.30 p.m. – 8.30 p.m.

CPE Study Circle Meeting on Information TechnologyConvergence of Banking and Accounting Technologies

Speaker: Shri Lalit Rajpal, Barclays Corpn.Free Free 3

3January 8 - 12, 2018

Monday - Friday4.30 p.m. – 8.30 p.m.

Workshop on Real Estate Sector

Details inside2950 Free 20

4January 10, 2018

Wednesday10.00 a.m. – 01.00 p.m.

Diversity Enabler Forum of ICAI and SIRCCompanies (Amendment) Act, 2017

Organised by Corporate Laws and Corporate Governance Committee

Speakers: CS. Dr. B. Ravi and Ms. Nanditha Pandey

Free Free 3

5January 12, 2018

Friday10.00 a.m. – 05.00 p.m.

One Day Seminar on Young Members Empowerment Organised by Young Member Empowerment Group of Committee

for Capacity Building of Medium Practitioners of ICAIDetails will be hosted in SIRC website www.sircoficai.org

590 Free 6

6January 16, 2018

Tuesday05.30p.m. to 08.30p.m.

CPE Study Circle Meeting on Information Technology• Cloud Computing

• Mobile Banking SecurityFree Free 3

7January 17, 2018

Wednesday5.30 p.m. – 8.30 p.m.

CPE Study Circle Meeting on Insolvency and Bankruptcy Code - Role of CAs

Speaker: CA. B. Ramana KumarFree Free 3

8January 17 - 19, 2018Wednesday - Friday

10.00 a.m. – 5.30 p.m.

Workshop on Basics of GSTDetails at Page No. 2950 Free 18

9January 18, 2018


CPE Study Circle Meeting on Information Technology

Managing IT Risks and ComplianceFree Free 3

10January 19 - 21, 2018

Friday – Sunday10.00 a.m. to 05.00p.m

Annual Regional Residential Course onInternational Taxation

Details at Page No. 16

11January 20, 2018

Saturday10.00 a.m. – 5.30 p.m.

One Day Programme for Women Chartered Accountants 590 Free 6

12January 23, 2018

Tuesday5.30 p.m. – 8.30 p.m.

CPE Study Circle Meeting on Information TechnologyCOBIT 5 for Assurance

Free Free 3

13January 24 and 25, 2018Wednesday and Thursday

5.30 p.m. – 8.30 p.m.

Annual Regional Residential Course at ICAI Centre of Excellence, HyderabadHosted by Hyderabad Branch of SIRC of ICAI

Details will be hosted in SIRC website www.sircoficai.org andHyderabad Branch of SIRC website www.hydicai.org

14January 25, 2018


CPE Study Circle Meeting on Information Technology

Audit AnalyticsFree Free 3

15January 25, 2018


Investor Education ProgrammeDetails will be hosted in SIRC website www.sircoficai.org Free Free 2

16 January 26, 2018Friday 8.00 a.m. Flag Hoisting followed by Republic Day Celebrations -

17January 30, 2018

Tuesday5.30 p.m. – 8.30 p.m.

CPE Study Circle Meeting on Information TechnologySSAE 18 and ISAE 3402

Free Free 3

Contact: Dr. T. Paramasivan, Joint Director (Tech.), ICAI – Phone: 044 – 30210321 – E-mail: [email protected]


Sl.No Date / Day / Time Programme Topic / SpeakerDelegate Fee*

(including GST) CPE Credit

Regn. Fee ARS

18February 1, 2018


CPE Study Circle Meeting on Information Technology• Cloud Security• Digital Frauds

Free Free 3

19February 2 - 7, 2018Friday - Wednesday5.30 p.m. – 8.30 p.m.

International Tour to Singapore and Genting Dream Cruise5 Nights and 6 Days

Details inside-

20February 13, 2018

Tuesday5.30 p.m. – 8.30 p.m.

CPE Study Circle Meeting on Information TechnologyBusiness Continuity - Resilience Free Free 3

21February 15, 2018


CPE Study Circle Meeting on Information TechnologyCyber Crime – Case Studies Free Free 3

22February 20, 2018

Tuesday5.30 p.m. – 8.30 p.m.

D Rangaswamy Memorial Lecture on Creation of Value

Speaker: CA. S. VaradarajanFormer Chairman, BPCL

Free Free -

23February 21, 2018

Wednesday5.30 p.m. – 8.30 p.m.

CPE Study Circle Meeting on Information TechnologyIoT Security Free Free 3

24February 22, 2018


CPE Study Circle Meeting on Information TechnologyRobotics Process Automation Free Free 3

25February 27, 2018

Tuesday5.30 p.m. – 8.30 p.m.

CPE Study Circle Meeting on Information TechnologyCyber security in Shop Floor Free Free 3

For All CPE Study Circle Meetings on Information Technology topics, Entry is Restricted to 200 members on First Come First Serve Basis.

ZOHO is our Technology Partner for these Programmes

Registration for CPE Programmes only through Online Portal www.sircoficai.org through Dashboard

NO SPOt REgiStRatiON, OffliNE REgiStRatiON aND CaSh PaymENtS.

For further details, please contact SIRC of ICAI, 'ICAI Bhawan', No. 122, Mahatma Gandhi Road, Nungambakkam, Chennai - 600034.

Phone: 044-30210320; Fax: 044-30210355; Email: [email protected]

Venue for all the Programmes, unless specified otherwise, is iCai Bhawan, Chennai.

One Day Programme for Women Chartered AccountantsWomen as Power, Player and Performer

CPE Credit

6 Hours

Date: Saturday, January 20, 2018 Time: 09.30 a.m. to 5.00 p.m.

Venue: P. Brahmayya Memorial Hall, ICAI Bhawan, No.122, MG Road, Chennai-600034.

Timings Topics Speakers

09.30 a.m. to 11.00a.m. Awareness for Investors Mrs. Bharathi Baskar Pattimandram Panelist,Senior Vice President, Citi Bank, Chennai.

11.00a.m. to 12.00noon Women as Catalyst to Competitive pressure – Empowering Women Chartered Accountants Eminent Speaker

12.00 noon to 01.00 p.m. New Currencies and Coinage – Crypto and Bid Eminent Speaker

01.00 p.m. to 02.00p.m. Lunch Break

02.00 p.m. to 03.30 p.m. Enliving with GST CA. Preethi Parek, Aurangabad

03.30 p.m. to 05.00p.m. Self Defense and Secrets of Fit and Fine Eminent Team

05.00p.m. to 06.00p.m. Networking and Fun Games

Full Details about the programme will be hosted in www.sircoficai.org DELEGATE FEE: Rs. 590/- (Inclusive of GST) Spot Registration : Rs.708

CA. Cotha S Srinivas Chairman, SIRC of ICAI

CA. Hemavathi RamachandranRCM & Programme Co-ordinator

CA. Dungar Chand U Jain Secretary, SIRC of ICAI


Minimum Recommended Scale of Fees for the professional assignments done by the members of ICAI. The Committee for Capacity Building of Members in Practice (CCBMP) has taken a major initiative for further revising the prescribed Minimum Recommended Scale of Fees for the professional assignments done by us. The same can be viewed at the given link: https://resource.cdn.icai.org/47945ccbmp37942.pdf It’s often noticed that some professionals are not following the guideline related to the Minimum Recommended Scale of Fees for getting professional assignments. I strongly urge all the members to follow the same so that parity is maintained.

Working TogetherIt may not be possible for different groups to come together and get into collaborations and hence working together is considered as the next option.Networking amongst firms makes it possible for a firm to deliver services at multi- locational points without having their physical presence at those points. It can also be considered as a capacity building measure that would enable Indian CA firms to face the challenges of globalization.ICAI is playing an increasingly proactive role in International Affairs and has drawn up a strategy with the aim to export professional services in a big way to enable Indian Professionals to take lead in International Affairs and come at par with those from developed countries. It is also a founder member of the international Innovation Network (IIN). Today it’s seen that many CA Firms are having affiliation to various International Networks so that they can get good professional opportunities from international clients too. Batgach is one of the first network approved by ICAI, India.With technological advancement, International Networking has also become possible. People today can work together sitting in two different countries even over web. Various social networking sites are also becoming means of International Networking. Luckily today we have lot of webinars and live streamed conferences which provide an opportunity to connect with industry professionals across the globe all of which is also paving way for further expansion of International Networking in future.Being visible and getting noticed is a big benefit of networking. You never know how networking of the smallest form can end up giving you unexpected professional opportunities from clients. By regularly attending conferences and social events, people begin to recognise you. This can help you in building new clients and further expanding your profession.I would just like to conclude by quoting the lines of Henry Ford “Coming together is a beginning; keeping together is progress; working together is success”

Chairman,s Communique... Continues...

Yours Sincerely

CA. Cotha S. SrinivasChairman,SIRC of ICAI

SRESTATHA excellence, 49th Regional Conference of SIRC of ICAII am happy to share with you all the success of the Flagship program of the year “SRESTATHA” excellence, 49th Regional Conference of SIRC of ICAI. The conference was attended by over 3,300 delegates. Conference was well received and appreciated by the delegates who attended the same. My heartfelt compliments lies with host branch and the members, who helped me in organising the conference.

Workshop on Real Estate Sector CPE Credit

20 HoursDate : 8th to 12th January 2018 Timings : 04.30 p.m. to 08.30 p.m. Venue: SIRC Premises, ICAI Bhawan, Chennai

DATE ToPICS SESSIon 1 & 2 SPEAkERS

08-01-2018 Monday JDA & Taxation

Drafting & Conveyance for Immovable PropertiesPoints for consideration in drafting sale deed, lease deed, JD Agreement, Construction Agreement USD - considering RERA, Benami Act

Eminent Speaker

09-01-2018 Tuesday Income Tax Income tax provisions relating to Immovable properties, taxation of unsold inventory &

JD Capital gains, etc. CA. Srinath

10-01-2018 Wednesday GST Basics to Advance of GST for Real Estate - including importance of Technology in GST CA. G. Venugopal , Bengaluru

CA. k.V. Vinay , Bengaluru11-01-2018

Thursday RERA Applicability, Basics, CA Certificates, RERA Audit, Professional Opportunities under RERA CA. T. Vinay, BengaluruAdv. Suhail Ahmed, Bengaluru

12-01-2018 Friday

Financing / Structuring / Affordable Housing

REITS, Funding options, FEMA Regulations for Realty Sector, Affordable housingRevenue Recognition- Accounting standards for Real estate sector

CA. Baskaran, CFO, Mantri Group of Companies, Bengaluru

DELEGATE FEE: Members - Rs. 2950/-; non Members - Rs. 4130/-online Registration: www.sircoficai.org

CA. Cotha S SrinivasChairman, SIRC

CA. Dungar Chand U JainSecretary, SIRC


Direct TaxesContributed by: CA. V.k. Subramani, Erode [email protected]

Corporate LawsContributed by:

Dr. P.T. Giridharan, Joint Director, ICAI, Chennai [email protected]

FEMAContributed by: CA. G. Murali krishna, Hyderabad [email protected]

Banking and InsuranceContributed by:

CA. P.S. narasimhan, Chennai [email protected]

SEBIContributed by: CA. VMV. Subba Rao, Nellore [email protected]

Goods and Services TaxContributed by:

CA. G. Saravana kumar, Madurai [email protected]

Andhra Pradesh VATContributed by: CA. Ambati Chinna Gangaiah, Hyderabad [email protected]

karnataka State GSTContributed by:

CA. Annapurna D. kabra, [email protected]

kerala VATContributed by: CA. C. Seshadri nadan, Vadakkencherry [email protected]

Tamil nadu VATContributed by:

CA. V.V. Sampath kumar, Chennai [email protected]

Telangana VATContributed by: CA. Satish Saraf, Hyderabad [email protected]

The online link for UPDATES:http://www.sircoficai.org/Professional-Updates.aspx

UPDATES Scan QR Code & Read

ICAI (SIRC) COACHING CLASSES AT CHENNAIREGISTRATION OPEN FOR

IPCC (OLD SyLLAbuS) COACHING CLASSESHuRRy! LIMITED SEATS!!

(Duration: 2.5 months - Group 1 – 290 hours, Group 2 – 150 hours & Both Groups – 440 hours)

FOR STUDENTS APPEARING IN MAY 2018 EXAM

(Specifically for those who have already prepared for Exam and seek intensive revision)

Commences on 17th January 2018

FEE STRUCTURE GR-1 GR-2 SUB.-WISEIPCC (Old Syllabus) 5000/- 4000/- 1500/-

IPCC & FInAL CLASS TIMInGS BETWEEn Days Group I Group II

Mondays to Saturdays 6.30 a.m. & 9.30 a.m. 5.30 p.m. & 8.30 p.m.

Sundays & Holidays6.30 a.m. & 5.00 p.m.

(Pl. note there is no weekend batches)

The registration will be on ‘first come first served basis’ (The batch will commence subject to minimum number of enrolment)

Online Registration only through the uRL: http://sircoficai.org/batches/batches.aspxFor further information, please contact: Phone: 044-30210380;

Email-id: [email protected]; Website: www.sircoficai.org

CA. Cotha S. SrinivasChairman, SIRC

CA. Jalapathi K.Chairman, Students Committee, SIRC

CA. Dungar Chand U. JainSecretary, SIRC

ICAI (SIRC) RAPID REVISION CLASSES AT CHENNAI(In coordination with SICASA for students appearing in May 2018)

REGISTRATION OPEN FOR

INTERMEDIATE, IPCC & FINAL (NEW & OLD SyLLAbuS COMbINED) @ ICAI Bhawan, Chennai

From 1st February 2018, Timings: 10 am to 5 pm

Duration: Around 1 ½ Months (Around 5 days per subject)Details of schedule and faculty will be hosted shortly

Fee: Rs.1000/- per subjectOnline Registration only @ http://sircoficai.org/SIRC-Crash-Courses.aspx

For further information, please contact: Phone: 044-30210380; Email-id: [email protected]; Website: www.sircoficai.org

ANNOuNCEMENT - CONVOCATIONIn order to promote a sense of comradeship among members and for bringing them closer to the Institute, the Institute of Chartered Accountants of India (ICAI) organizes Convocations for distributing certificates to the newly qualified members. In fact, this is an occasion to mark the entry of the new members into the fraternity.ICAI invites members enrolled during the period 1st April, 2017 to 31st October, 2017 to participate in the Convocation for awarding the “Certificate of Membership” amidst the august gathering of distinguished dignitaries.The schedule of the proposed Convocation is as follows:

Places Date

Ahmedabad, Mumbai, Pune, Chennai, Hyderabad, Kolkata, Jaipur, Kanpur, New Delhi

24th January, 2018 (Wednesday)

The details about the venue and timing of the Convocation Programme Schedule will be intimated to the participants by the concerned Regional Offices of ICAI.For any further information, members are requested to contact Chennai - Member Services at 044 30210386.


Happenings Around Empanelment of Chartered Accountant firms/LLPs for the year 2018-19Online Applications are invited from the Chartered Accountant firms/LLPs who desire to be empanelled with the office of the Comptroller and Auditor General of India for appointment as auditors of Government Companies/Corporations for the year 2018-19. The online application format will be available on our website www.saiindia.gov.infrom 1 January 2018 to 15 February 2018, the firms/LLPs can apply/update the data showing the status of their firms as on 1 January 2018.Link : http://bit.do/empanelment

India Set to be 5th Largest Economy in 2018, overtaking Uk, France: ReportIndia looks set to overtake Britain and France in 2018 to become the world's fifth-largest economy in dollar terms, a report showed today. The Centre for Economics and Business Research (Cebr) consultancy's 2018 World Economic League Table showed an upbeat view of the global economy, boosted by cheap energy and technology prices. India's rise is part of a trend that will see Asian economies increasingly dominate the top 10 largest economies over the next 15 years.Link : http://bit.do/India5th-largest

Saudi Arabia, UAE introduce VAT in first for GulfSaudi Arabia and the United Arab Emirates introduced value-added tax from Monday, a first for the Gulf which has long prided itself on its tax-free, cradle-to-grave welfare system. Saudi Arabia compounded the New Year blow for motorists with an unannounced hike of up to 127 percent in petrol prices with immediate effect from midnight.Link : http://bit.do/saudiVAT

Govt moves to crack down on tax evasion under GST regimeSuspecting massive tax evasion under the goods and services tax (GST) regime, the government is banking on the new e-way bill system as well as the transaction trail that will be established once businesses start filing their detailed sales returns to bring tax evaders to task. While all states will implement the e-way bill system for inter-state movement of goods from 1 February, taxpayers have to file the GSTR-1 form relating to supplies for the initial few months by 10 January.Link : http://bit.do/taxevasion

Income Tax department conducts raids at nine Bitcoin exchanges across IndiaFrom a cost of Rs 23000 per bitcoin before demonetisation to Rs 10 lakh now. Bitcoins are clearly the currency to vote for as the Income tax is fast realising.But are bitcoins, cryptocurrency of the virtual world, becoming a mode for laundering money. The Income Tax thinks so and on cue raided Bitcoin exchanges across the country on Wednesday. Nine exchanges were raided under the command of the Bengaluru investigation wing. Surveys were conducted in Delhi, Bengaluru, Hyderabad, Kochi and Gurugram, since early morning.Link : http://bit.do/bitcoin-raid

How to Use QR Codes ?Download any free QR Scanner for Android/ios from the play store / appstore respectively.1. Open the QR Code reader on your phone.2. Hold your device over a QR Code so that it’s clearly visible within your

smartphone’s screen.Two things can happen when you correctly hold your smartphone over a QR Code.1. The phone automatically scans the code.2. On some readers, you have to press a button to snap a picture, not unlike the button on your smartphone camera.

3. If necessary, press the button.Your smartphone reads the code and navigates to the intended destination, which doesn’t happen instantly. It may take a few seconds on most devices.

Suggested QR Code add for Android (without ads)

4th Annual Regional Residential Course on International Taxation

CPE Credit

16 Hours

Under the auspices of Committee on International Taxation of SIRC.

Date: 19th to 21st January, 2018

Venue: MGM Beach Resorts, East Coast Road, Muttukadu, Chennai-603 112.

Session Programme Resource Persons

Day - 1 : 12 noon onwards - Check in, Lunch and Registration; 3pm – Inaugural session

Inaugural session Inauguration Chairman, SIRC; Chairman,

Intl Taxation Comm. SIRC

Technical Session – I

Group DiscussionRoyalty- Including Electronic commerce transactions- How agreements are to be entered/drafted- Recent judicial decisions

CA. Sampath Raghunathan

Technical Session – II

GAAR- Impermissible transactions – Scope- Safeguards to be incorporated

CA K.R. Girish, Bengaluru

Technical Session – III

Paper presentationRoyalty- Including Electronic commerce transactions- How agreements are to be entered/drafted- Recent judicial decisions

CA. Sampath Raghunathan

Day - 2 : 20th January - 8 am onwards

Technical Session – IV

Group DiscussionPermanent Establishment & DAPE- Post BEPS scenario- Arrangements with DAPE – Points to consider- Recent judicial decisions

CA.K.K.Chythanya, Bengaluru

Technical Session –V

Transfer Pricing Audits- Impact due to Shift to Risk based audit - Challenges- APA sign off and its follow up- Anticipated shift due to CbCR, Master File

and Local File

Departmental representativeMr. Jasdeep SinghCIT(TP), Chennai

Technical Session –VI

Paper presentationPermanent Establishment & DAPE- Post BEPS scenario- Arrangements with DAPE – Points to consider- Recent judicial decisions

CA.K.K.Chythanya, Bengaluru

Technical Session –VII Mock Court

Justice R.V EswarRevenue Counsel Adv. G. Baskar, ChennaiAdv. Karthik Ranganathan, Chennai

Technical Session –VIII

Multilateral Instrument - India’s take on DTAA’s- India’s list of reservations and its impact

CA. PVSS. Prasad, Hyderabad

Day - 3 : 21st January- 8 am onwards

Technical Session – IX Impact of GST on cross border transactions Adv. K.Vaitheeswaran,

Chennai

Technical Session – X

US taxation- Taxation of NRI’s Indian income in US- Implications of Gifts to/by NRI’s- Estate Planning

CA. Sanket Shah, Mumbai

Technical Session – XI

Transfer Pricing – CbCR and Master file- CbCR rules – Draft rules- Important point to consider in preparation of

Master file and Local file - Compulsory reporting

CA. AkshayKenkre, Mumbai

Brain TrustInternational TaxationTransfer PricingUS Taxation

Adv. K. Vaitheeswaran, ChennaiCA. AkshayKenkre, MumbaiCA. Sanket Shah, Mumbai

Delegate Fee:Residential Members: Rs. 12,500 + 18% GST = 14,750/-

non-Residential Members: Rs. 9,000 + 18% GST = 10,620/-


Chairman, SIRC

CA. E. Phalguna kumarChairman, Committee on International

Taxation of SIRC of ICAI

CA. Dungar Chand U Jain

Secretary, SIRC


Leader's ThoughtsNetworking and Relationship Building are watchwords for every professional. For us Chartered Accountants it is essential to maintain cordial ties every friend, family or acquaintance. In the course of our day-to-day professional activities we interact with governmental agencies and key regulators on a day-to-day basis. It is also integral for us to maintain a work-life balance and it’s not easy juggling so many caps. The family and friends who are an integral part of who we are is also required to be kept on an even keel. The need to learn how to do this needs to stem from a young age. Keeping bonds of relationship strong is of quintessential importance – starting from school and college friend’s teachers, professors, CA classmates, our friends and seniors in the firm where we did articleship, the many people in various companies and clients we would have met in our student days. Our circle should always be wide and should keep widening.

Thanks to the social network, the internet and whatsapp; it’s much easier to stay in touch. A good Relationship is not when two 'Perfect people' come together; It is when two 'Imperfect people' learn to enjoy the differences. Learn the wisdom of compromise - It is better to bend a little, rather than to break a relationship forever. A relationship does not shine by shaking hands in the best of times; but, it blossoms by holding hands firmly in the most critical situations.

Networking is demanding, one has to work at maintaining it. Once a person moves out of our charmed circle we should not forget, but keep in touch. Relationships and medicines play the same role in our life. Both care for us in pain. The only difference is that relationships do not have an expiry date. Leo Buscaglia’s words touched a chord in me and I would like to share them with you: “Too often we underestimate the power of a touch, a smile, a kind word, a listening ear, an honest compliment or the smallest act of caring all of which have the potential to turn a life around.” The potential to make someone’s life a bit sweeter, happier and better lies in each of us. A life well lived is one where one is in a position to extend help, offer solace, help another realize their dreams.

All the very best. Wish every member, student and their family a wonderful 2018.

Warm RegardsCA. Abhishek Murali

Regional Council Member, SIRC

Workshop on basics of Goods & Services Tax (GST)

CPE Credit

18 Hours

Venue: P. Brahmayya Memorial Hall, ICAI Bhawan, Chennai-34Date: 17th to 19th January 2018, Wednesday to Friday

Time: 10.00 am - 05.30 pmDate Timing Topics

10.00 - 11.30 GST - Overview and Levy11.30 - 12.30 Provisions relating to Scope of Supply12.30 - 01.30 Provisions relating to Time of Supply02.30 - 04.00 Provisions relating to Place of Supply04.30 - 05.30 Provisions relating to Value of Supply10.00 - 12.00 Input Tax Credit12.00 - 01.00 GST - Refunds and Inverted duty structure02.00 - 03.00 Transitional Provisions03.30 - 04.30 Registration under GST Law04.30 - 05.30 Records prescribed under GST Law10.00 - 11.00 Returns under GST Law11.00 - 12.00 GST on Job Work12.00 - 01.00 GST Readiness02.00 - 03.00 Composition Scheme under GST Law

03.30 - 05.30Expert Panel Discussion and Question Answer Session

DELEGATE FEE: Members - Rs. 2950/- ; Students - Rs. 2065/-; non Members - Rs. 4130/-

online Registration: www.sircoficai.orgCA. Cotha S

SrinivasChairman, SIRC

CA. Sripriya k.Member, Indirect Taxes

Committee, ICAI

CA. Dungar Chand U Jain

Secretary, SIRC

DA

Y 1

DA

Y 2

DA

Y 3

The SIRC/ICAI does not accept any responsibility for the views expressed in different contributions / advertisements published in this Newsletter.

DISCLAImER

SIRC Programme Photos and other photographs for the

Month of December 2017 can be viewed in Photo Gallery of

SIRC website www.sircoficai.orgThe online link for photos is

http://sircoficai.org/programme-photos-december-2017.aspx

ANNOuNCEMENT FOR MEMbERSMembers are requested to kindly provide their GST Registration Number (if available) while registering for SIRC CPE Study Circle Meetings / Seminars / Programmes, etc.

IMPoRTAnT DATES To REMEMBER DURInG THE MonTH oF JAnUARy - 2018Due Dates Category Details / Remarks07-Jan-18 Income Tax TDS Payment for December

10-Jan-18 GST

GST Filing of returns by registered person with aggregate turnover upto 1.50 crores. (GSTR-1) for July to September 2017.GST Filing of returns by registered person with aggregate turnover more than 1.50 crores. (GSTR-1) for July to November 2017Return for authorities deducting tax at sources – GSTR 7 for DecemberDetails of supplies effected through e- commerce operator and the amount of tax collected – GSTR 8 for December

13-Jan-18 GST Return for Input Service Distributor – GSTR 6 December

15-Jan-18 E.S.I.C E.S.I.C. Payment for December

15-Jan-18 P.F P.F. Payment for December

18-Jan-18 GST Return for compounding taxable person - GSTR 4 for October to December

20-Jan-18 GST

GST monthly return for the month of December 2017 (GSTR-3B)Return for Non – Resident foreign taxable person – GSTR 5 for December

28-Jan-18 GSTDetails of inward supplies to be furnished by a person having UIN and Claiming refund – GSTR 11 for December

31-Jan-18

GST

GST Filing of returns by a NRI taxable person (July-Dec) (GSTR-5)FORM GSTR-5A (Details of Supplies of OIDAR Services by a person located outside India for Aug-Dec 2017FORM GST CMP-03 (Intimation of details of stock on date of opting for composition levy)FORM GST ITC-01 (Declaration for claim of Input Tax credit under Sub-section (1) of Section 18 ) by the registered persons (July to Nov 2017)

Income TaxTDS/TCS Quarterly Statement ( other than Government Deductor) for October to December


ANNOuNCEMENT FOR NExT ExAMINATION OF CERTIFICATE COuRSE ON FOREx & TREASuRy MANAGEMENTKind attention to the members registered for the Certificate Course on Forex and Treasury Management is invited towards next examination of the Course which will be held on 27th and 28th January 2018 (Saturday and Sunday) as per the detail given below:

Dates of Examination Timings of Examination Paper Chapters Marks27th January,2018

(Saturday)10:00 a.m. to 1:00 p.m.

(IST) Paper1 Chapters 1 to 6 along with case studies and practical questions 100 marks

28th January, 2018 (Sunday)

10:00 a.m. to 1:00 p.m. (IST) Paper 2 Chapters 7 to 12 along with case studies

and practical questions 100 marks

Examination Centres• Ahmedabad

• Cochin• Mumbai

• Bangalore• Hyderabad

• Noida • Sivakasi • Chennai• Kolkata

Last date for submission of examination form and payment of fee is 19th January, 2018In this regard, the following information should be noted:-

1. 75% attendance in classes is mandatory for appearing in the exams i.e. out of 8 classes, participant has to attend minimum 6 classes for appearing in the exam.

2. Participants of 46th batch of the Course whose classes were conducted during 4th Nov to 10th dec,2017 at Noida are not required to pay examination fees however, the members of the this batch are mandatorily required to fill the examination form for confirming their presence on the scheduled examination dates with centre at the hyderlink: https://goo.gl/forms/sfLdycbcwD5sDlYE2

3. Members other than this batch are required to mandatorily pay examination fees of ₹ 2360/-[Exam fee ₹ 2000 + ₹ 360 (18% GST)] at the link given hereinbelow.

Members are cautioned to pay the examination fee carefully at the link given against the examination centre where they wish to appear for the examination. The examination centre once opted by a member would not be allowed to change, however, ICAI reserves the right to cancel the examination at any centre at its discretion.

Examination Centre opted Payment link Examination Centre opted Payment link

Ahmedabad http://ccm.icai.org/?progid=1597 Bangalore http://ccm.icai.org/?progid=1593

Chennai http://ccm.icai.org/?progid=1592 Cochin http://ccm.icai.org/?progid=1598

Hyderabad http://ccm.icai.org/?progid=1594 Kolkata http://ccm.icai.org/?progid=1599

Mumbai http://ccm.icai.org/?progid=1591 Noida http://ccm.icai.org/?progid=1590

Sivakasi http://ccm.icai.org/?progid=1600

4. Paper 1 and 2 will consist of 65% multiple objective type questions and 35% subjective type questions.

5. A candidate for the Certificate Course on Forex and Treasury Management shall be declared to have passed the examination if he / she secures a minimum of 40% marks in Paper 1, 2 and Project Report and 50% marks in the aggregate of theoretical examinations and Project Report.

6. Only Simple calculator is allowed, no Scientific calculators and laptops are allowed.

7. Link for FXTM modules (Module I,II &III) & Previous Years question papers is: http://www.icai.org/post.html?post_id=9992

8. Participants are requested to send their recent coloured passport size photograph (prefarebly in JPG or JPEG format) for the purpose of admit Card via email at [email protected]

9. Admit Card and details of examination centre will be intimated to respective candidate via email to be provided by the candidate.

(Secretariat )Banking, Financial Services and Insurance Committee The Institute of Chartered Accountants of India,

‘ICAI BHAWAN ',Post Box Number -7100, Indraprastha Marg New Delhi-110002 E-mail: [email protected] Contact Details: 011- 30110471

Committee Meetings / Other Meetings of SIRC - December 2017Date Details of the Meeting Chairman / Headed by

11.12.2017 122nd Executive Committee Meeting of SIRC CA. Cotha S. Srinivas

12.12.2017 229th Meeting of SIRC of ICAI CA. Cotha S. Srinivas12.12.2017 49th Regional Conference of SIRC Committee Meeting CA. Cotha S. Srinivas20.12.2017 49th Regional Conference of SIRC Committee Meeting CA. Cotha S. Srinivas28.12.2017 123rd Executive Committee Meeting of SIRC CA. Cotha S. Srinivas

OBITUARY

S.no. MRn name Status Place Date of Demise

1 003052 SUBRAMANIAN A P FCA BENGALURU 25-08-2017

2 004314 ACHYUTHAN K FCA CHENNAI 18-10-2017

3 006031 SUDHAKAR SHETTY B S FCA BENGALURU 06-11-2017

4 015247 RAMANI J FCA CHENNAI 19-11-2017

5 022442 VIJAYARAGHAVAN R FCA CHENNAI 16-11-2017

May the Almighty Architect of the Universe rest the souls in peace.

Mr. k.Veeramoney joined the Institute on 03.04.1982 as LDC at Delhi and subsequently transferred to Chennai. He was promoted up to the level of Assistant Secretary on 03/04/2010. He has served around 36 years.

SIRC wishes him a Happy Retired Life and Best wishes for his future endeavours.

Mr. K.VeeraMoney We Wish you a Happy Retired Life

Classified AdvertisementA REPUTED CA FIRM BASED IN MUMBAI AND HAVING BRANCH OFFICES AT CHENNAI WISHES TO AUGMENT ITS HUMAN RESOURCES, FOR THEIR AUDITS. INVITES APPLICATIONS FOR ARTICLESHIP AND PAID ASSISTANTS FROM GRADUATES PREFERABLY BCOM AND IPCC PASSED CANDIDATES. INTERESTED CANDIDATES MAY SEND THEIR UPDATED CVs TO [email protected]

2

Dear Professional Colleagues,

Chairman,s Communique...

T h i n k D i f f e r e n t l y A c t P e r f e c t l y

Wish you all Prosperous, Purposeful and Peaceful year 2018 ahead. Gone are those days where we used to face challenges once in a while. Now with the changes happening day in and day out every day we need to face a challenge. Many new laws were introduced in 2017 viz., GST, RERA, IBC Code. We saw changes in Companies Act 2013 with Companies Amendment Act, 2017. We only hope all these Acts and amendments will settle in the year 2018 before facing any new challenges. As professionals we are not afraid of challenges, but at the same time, we need to analyse how far we can stretch ourselves to these challenges. As Individual practitioners how far can we go is the question. I have tried to discuss the concept of “Networking” in this issue. Before that,

Chartered Accountants Benevolent Fund (CABF)After achieving the primary target, SIRC is getting gracious contributions from members and firms. In the month of December, apart from other contributions, we received a sum of Rs. 5.00 Lakhs as contribution to CABF from M/s. Guru and Jana, Bengaluru. Complementing them for this magnanimous contribution, my appeal continues to those members who are yet to contribute this year to atleast contribute Rs. 50/- each. Visit www.icai.org for online contributions.

About NetworkingToday is the era of expansion, where networking plays a major role. Networking today is not about hunting profession for self but about growing professionally together. As rightly said by Dr. Ivan Misner “Networking is more about ‘farming’ than it is about ‘hunting’. It’s about cultivating relationships” In my message, I would like to write on two aspects of Networking; Coming Together and Working Together.

Greetings from SIRC: SIRC wishes Happy Birthday and Happy Anniversary to all those Members

and Students who were born or who got married in the month of January.

Continued at Page no. 5

Coming TogetherPeople often say that today is the era of working in Groups to achieve greater success, and hence Partnership Firms and Limited Liability Partnerships have become common. Partnership Firms and LLPs are intended for joint solving of problems, resource exchange, cooperation, coordination and coalition building.Gone are the days of sole proprietorship firms, people today are coming together and forming Partnerships, LLPs so that they can compete with the big firms in the market. In this era of cut throat competition, it has become essential for like-minded people to come together so as to get more professional opportunities. The different forms of Network can be as under;- •AnetworkcanbeconstitutedasamutualentitywhichwillactasafacilitatorfortheconstituentsoftheNetwork.Insuch

a case the Network itself will not carry out any professional practice. •Anetworkcanbeconstitutedasapartnershipfirmsubjecttotheconditionthatthetotalnumberofpartnersdoesnot

exceed twenty. •AnetworkcanbeconstitutedasaLimitedLiabilityPartnershipsubjecttotheprovisionoftheCharteredAccountantAct

and Regulations and such other laws as may be applicable. •Anetworkcanbeconstitutedascompanysubject totheguidelinesprescribedbythe Institute forcorporate formof

practice and formation of management consultancy services company. I however feel that just by getting into Partnerships or LLPs, success is not guaranteed. Success of any profession depends on its relationships. Working well with others and possessing in-depth knowledge on your area of practice is important. Also keeping aside personal agenda and coming together for a common agenda is important for creating and sustaining successful partnerships.

11

Southern India Regional Council The Institute of Chartered Accountants of India

Jointly with Bangalore and Hyderabad Branches of SIRC of ICAI organises

International Tour to Singapore and Genting Dream Cruise February 1st 2018 – 5 Nights and 6 Days

Day 01 – Friday 02 February 2018: Arrival Singapore as per flight schedule from your city. Transfer and check-in to Boss Hotel or similar with breakfast for freshen-up till 1200Hrs at hotel. Check out from Hotel. Lunch at Indian Restaurant. Proceed to Half Day Singapore City Tour with Flyer. Transfer to Cruise Terminal, Genting Dream Cruise Check in starts at 1700Hrs (Departs at 2100 Hrs). Dinner and Overnight On-board Cruise. Meal Plan: Breakfast | Lunch | Dinner on Board Cruise

Day 02 – Saturday 03 February 2018: On-board Cruise. Meal Plan: Breakfast | Lunch | Dinner on Board Cruise

Day 03 – Sunday 04 February 2018: Breakfast on Board Cruise. 10:00 Hours Cruise arrives at Singapore Cruise Terminal (Estimated Arrival Time). Checkout of cruise. Lunch at Indian Restaurant. Check in to Hotel (Standard Check in time is 1500Hrs). Evening proceed to Night Safari (Admission + Show + Tram Ride). Dinner at Indian Restaurant. Overnight stay at Hotel. Meal Plan: Breakfast | Lunch | Dinner Day 04 – Monday 05 February 2018: Breakfast at Hotel. Jurong Bird Park (Admission + Tram Ride + Show). Lunch at Indian Restaurant. Proceed to Sentosa tour (1 Way Cable Car, 1 Way Luge & Sky Ride, S.E.A Aquarium, Wings of Time). Dinner at Indian Restaurant. Overnight stay at Hotel. Meal Plan: Breakfast | Lunch | Dinner Day 05 – Tuesday 06 February 2018: Breakfast at Hotel. Universal Studio with Meal Coupon (All Rides Except rock climbing) Dinner at Indian Restaurant. Overnight stay at Hotel. Meal Plan: Breakfast | Lunch | Dinner Day 06 – Wednesday 07 February 2018: Breakfast at Hotel. Check-out from Hotel. Lunch at Indian restaurant. Proceed to Marina Bay Sands – Sky Park Observation deck. Gardens by The Bay (Cloud Forest & Flower Dome). Transfer to Changi Airport, Singapore for Departure your city as per flight schedules. Meal Plan: Breakfast | Lunch

DELEGATE FEE Terms and Conditions: Registration on first come first serve basis. Number of seats for

Bangalore – 35 | Chennai – 35 | Hyderabad – 30. Bookings above this are subject to availability of services till 8th January 2018 along with a valid passport (having validity upto 31st August, 2018).

Regular cancellation policy applies for people who book and cancel the tour. Changes of any nature are not possible in the itinerary and services mentioned.

Category Cruise Balcony Room

Per Adult on Twin / Triple sharing basis INR 95,000

Child (2-12 years) sharing room with 2 adults with extra bed

INR 77,000

Child (2-12 years) sharing room with 2 adults No extra bed

INR 68,000

Inclusions Air Ticket and airport tax in Economy Class in Tiger

Airways or similar Singapore Visa Charges On Arrival Day, Freshen up in Hotel Boss or similar

on Twin/Double sharing basis 03 Nights Hotel accommodation with breakfast at

Singapore on Twin/Triple sharing basis 02 nights on board Genting Dream Cruise on

Balcony Stateroom Cruise Gratuity Insurance American Breakfast and Indian Veg. / Non-Veg.

Lunch and Dinner as indicated All sightseeing as mentioned in the itinerary with all

the entry fees on private basis All tours will be on private basis with separate Tour

Guide Tips to Tour Guide and Driver

Exclusions Expenses that are personal in nature Beverages during meals Travel Bags and snacks Early check in and late check out Any other service not specified above Deviation charges if any for passengers who opt for

breaking away from the group.

Members desirous of joining the tour may contact the following Programme Co-ordinators: CA. Dungar Chand U Jain, Secretary SIRC Mobile: 98945 05007,Email: [email protected] CA. A. B. Geetha, Chairman,Bangalore Branch of SIRC Mobile: 98455 26327, Email: [email protected] CA. Chengal Reddy R, Chairman,Hyderabad Branch of SIRC Mobile: 90001 81104, Email: [email protected] Mr. Vijayarangan, Assistant Secretary SIRC of ICAI – Chennai Office Mobile: 044 30210320, e-mail: [email protected]

12 Date of Publication : 2nd of every monthDate of posting : 8th January 2018

Posted at Egmore RMS/(Patrikka Channel)Registered - RNI Reg. No. 28192/1975 - RNP Registered No. TN/CH(C)327/18-20

WPP No. TN/PMG(CCR)/WPP-354/2018-20

Published and Printed by Dr. P.T. Giridharan, Joint Director on behalf of Southern India Regional Council of the Institute of Chartered Accountants of India, 'ICAI Bhawan', # 122, Mahatma Gandhi Road, Nungambakkam, Chennai -600034. Phone: 044 39893989, 30210320. Email: [email protected] / [email protected]. Website: www.sircoficai.org - Printed at M/s. Chennai Micro Print (P) Ltd., # 130, Nelson Manickam Road, Aminjikarai, Chennai - 600029. Editor: CA. Cotha S. Srinivas, Chairman, SIRC of ICAI.

Report / Information Card (as on 31st December 2017)

CABFContributions

December Cumulative

Rs. 9,94,564/- Rs. 1,38,64,038/-Dash BoardRegistrations

Members Students Total

55,258 10,124 65,382

Pending Issues Members & Firms Students TotalChennai DCO 70 1,540 1,610Hyderabad DCO 80 141 221


Practice Service Total

23,534 25,400 48,934

CPEHours

December Cumulative

89 930


Male Female Total

38,415 10,519 48,934

Gracious Contributors to CABF - December 2017(Who had contributed Rs. 1 Lakh and above)

Sl No MRN/FRN Member Name / Firm Name Place Amount

1 006826S M/s. GURU AND JANA BENGALURU 5,00,000

2 072844 CA. HEMANT KUMAR PITLIYA MYSURU 1,11,000

3 008154S M/s. BVC & CO BENGALURU 1,01,000

2 008891S M/s. NITIN J SHETTY & CO MANGALORE 1,00,000

2 027704 CA. SHANTHARAMA NAYAK MANGALORE 1,00,000

3 013554S M/s. M JAGANNATH KAMATH AND CO MANGALORE 1,00,000

Dear Members,

SIRC of ICAI is providing an opportunity to show your graciousness in Philanthropic activities. It’s time to give something back to the profession because of which we are, what we are today. It is my earnest desire to see the names of every branch and town in the above list. An appeal to the members and firms to contribute generously to CABF and anyone contributing Rs. 1 lakh and above finds place in the above list.

Members / Firms who are interested to contribute to CABF may get in touch with Dr. T. Paramasivan, Joint Director (Tech.), Phone: 044 30210321, Email: [email protected] (or) CA. T. L. Kirubakar, Executive Officer, Phone: 044 30210364, Email: [email protected].


Chairman, SIRC of ICAI

Price K5 January 2018 | Volume 43 • Part 7

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